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Latest Articles in auto sector

PLI Scheme For Auto Sector To Build Self-Sustaining Framework For E-Mobility Industry: SMEV

The scheme will incentivise the emergence of advanced automotive technologies'' global supply chain in India, with incentives worth around Rs 26,000 crore to be provided to the industry over the next five years.

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Modi Govt's Big Boost For Auto Sector: Rs 26,000 Crore PLI Scheme Approved; To Create 7.5 Lakh Jobs

The PLI scheme for automobile and drone industries is part of the overall announcement of PLI schemes for 13 sectors made earlier during the Union Budget 2021-22, with an outlay of Rs 1.97 lakh crore.

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Cabinet May Approve Revised PLI Scheme For Auto Sector On Wednesday

The government had announced the scheme for the automobile and auto components sector with an outlay of Rs 57,043 crore, earmarked for five years.

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Sensex Falls 334 Points, Nifty Slips Below 15,650

The Auto sector plunged the most dragged by shares of Tata Motors, Ashok Leyland, and Motherson Sumi.

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AISC Amends Auto Industry Standards To Include Safety Requirements Of Road-Trains

The standards have been prepared after examining European benchmarks, keeping in mind Indian operating conditions,

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Working Closely With SIAM To Enhance Localisation In Auto Component Sector: ACMA

Over 70 manufacturers and suppliers are showcasing their latest auto components and accessories in the ACMA Automechanika.

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Major Auto Cos Log Robust Sales In March On Pent Up Demand, Shift Towards Personal Mobility

Sales of mini cars, comprising Alto and S-Presso, stood at 24,653 units last month. The company had sold 15,988 units in March 2020.

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Auto COs To Be Fined Up To Rs 1 Cr On Mandatory Recall Orders For Defective Vehicles: Govt

The rules for testing of vehicles and mandatory recall under the Central Motor Vehicles Act provides for penalty in case of manufacturers or importers fail to undertake voluntary recall.

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Govt Makes Airbag Mandatory For Front Passenger Seat In Vehicles

The ministry said that it has been mandated that the vehicles manufactured on and after the first day of April 2021, in the case of new models, and 31st day of August, 2021

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Auto Industry Bodies Recommend Incentivising Enhanced Domestic Value-Addition, Localisation

The auto and component industry is very sensitive to volumes and sustained high growth of domestic demand will significantly help competitiveness and attract MNC investment, they said adding component manufacturing MNCs will shift to India if manufacturing here becomes more competitive.

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TVS Motor Launches Escooter Iqube Electric In Delhi; Priced At Rs 1.08 Lakh

The electric scooter has multiple features such as geo-fencing, remote battery charge status, navigation assist, last park location, incoming call alerts/SMS alerts, among others.

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Toyota Gets Over 5,000 Bookings For New Fortuner Range

The company is working hard to ensure the quickest possible delivery time so that the customers can experience the SUV at the earliest

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Auto Stocks Jump Up To 10.5 % On Sales Growth In January, Scrappage Policy

Presenting the Budget for 2021-22 in Parliament, Sitharaman said that under voluntary vehicle scrapping policy, personal vehicles would undergo fitness test after 20 years while commercial vehicles would require it after completion of 15 years.

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Govt Raises Customs Duty On Certain Auto Parts To Support Local Manufacturing

Finance Minister Nirmala Sitharaman proposed increase in customs duty of various parts including ignition wiring sets, safety glass and parts of signalling equipment to 15 per cent with effect from February 2.

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Scrappage Policy Get the Green Light in Budget 2021

In her speech, Sitharaman also announced the capital investment of Rs 5.54 trillion for developing infrastructure in the country, which leads to an increase in demand for commercial vehicles.

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